- Canadian Bitcoin miner Bitfarms (TSX:BITF) and its global rival, Riot Platforms (NDAQ:RIOT) have reached a settlement agreement
- Under the terms of the agreement, Andrés Finkielsztain has stepped down from Bitfarms’ board of directors while Amy Freedman has been appointed to its board and the governance and nominating committee and compensation committee of the board
- Riot has agreed to withdraw its June 24, 2024, requisition and to accept customary standstill provisions after its unsolicited C$1.3 billion takeover bid and Bitfarms’ “Poison Pill” move to prevent Riot from having a controlling stake
- Riot Platforms Inc. last traded at C$9.73 per share and Bitfarms Ltd. last traded at C$2.72 per share
Canadian Bitcoin miner Bitfarms (TSX:BITF) and its global rival Riot Platforms (NDAQ:RIOT) have reached a settlement agreement.
Under the terms of the…
